Surya Roshni Limited (SURYAROSNI) Fair Value & Analysis

Basic Materials · IN · Market cap ₹47.9B

A solid business, but screening 24% overvalued on our models.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (₹117.51 to ₹226.84) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.

How to read this chart

60‑month range ₹74.86 – ₹396.01 · fair‑value band ₹117.51 – ₹226.84 · the ₹220.35 price screens above the ₹167.78 fair value. Dashed = 300-day average. As of Aug 24, 2026.

Full chart & analysis →

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Analysis

Surya Roshni Limited (SURYAROSNI) currently trades at ₹220.35, while our model-based Fair Value estimate is ₹167.78, implying the stock looks roughly 23.9% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Surya Roshni Limited generated revenue of ₹74.6B at a net margin of 4.4%. Revenue grew 20.7% year over year. It earns a return on equity of 13.7%. Net debt stands at ₹204M. Fundamentals as of Aug 24, 2026

Our scenario range runs from ₹117.51 (bear case) to ₹226.84 (bull case); at ₹220.35, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -16% fair-value upside, at -24%, SURYAROSNI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples (₹223.29) versus Asset-Based (₹81.09). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Surya Roshni Limited manufactures and markets steel pipes and tubes, lighting products, fans, home appliances, and PVC pipes in India. It operates through Steel Pipe and Strips; and Lighting and Consumer Durables segments.

Full company description

Surya Roshni Limited manufactures and markets steel pipes and tubes, lighting products, fans, home appliances, and PVC pipes in India. It operates through Steel Pipe and Strips; and Lighting and Consumer Durables segments. The company offers GI pipes for agriculture and irrigation, casing and tubing, water transportation, plumbing, green houses, fire fighting, street light poles, and solar panels; API/3LPE coated spiral pipes: CR strips; hollow section pipes; spiral welded pipes; cold rolled strips and sheets; and black pipes for construction, fabrication, fencing, metro railway platforms, airports, powder coating, sign boards, industrial application, and scaffoldings. It also provides various LED lamps; downlighters; street lights; and battens and luminaires, Smart LED lighting; and value-added offerings, such as colour changers, smart lighting, auto-dimming, app-based lights, COB downlights, track spot lights, power track, LED strips lights, radar LED lamp, and wall washer LED; and indoor commercial, industrial, roadway, flood, landscape, façade, accessories, hid lamps, light sources, and solar lightening products. In addition, the company offers celling, table, pedestal, wall, and domestic and industrial exhaust fans; and home appliances, including juicers, mixers, grinders, vegetable chopper, cooktops, induction cooktops, sandwich makers, dry and steam irons, storage and instant water heaters, immersion water heaters, air coolers, oil filled radiators, and halogen and quartz heaters. Further, the company provides PVC pipes and fitting for water pipelines, housing sectors, domestic and industrial drainage systems, industrial process lines, swimming pools, salt-water lines, and agriculture/irrigation systems. It exports its products to approximately various countries, including the United States, Australia, Canada, Mexico, the Middle East, Europe, Africa, and internationally. Surya Roshni Limited was incorporated in 1973 and is headquartered in New Delhi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Surya Roshni Limited reported revenue of ₹75.0B in FY2026 versus ₹77.1B in FY2022, a compound −0.7%/yr. Reported net income was ₹2.9B in FY2026, compounding +8.7%/yr from FY2022.

SURYAROSNI screens 24% overvalued. Compare with JSW Steel Limited →

Peer Group

Steel · 388 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Steel median · lower = cheaper

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.